Cost of living comparison
China is 32.9% cheaper than Iceland overall.
- Restaurants
-
pay 80.8% less in China
- Groceries
-
pay 47.7% less in China
- Transportation
-
pay 62.6% less in China
- Housing
-
pay 70.6% less in China
- Childcare
-
pay 2.4 times more in China
- Entertainment and Sports
-
pay 57.2% less in China
- Clothing
-
pay 53.4% less in China
Expenses including restaurants, housing, transportation, entertainment and sports, clothing, and groceries are lower in China. Notably, childcare is significantly more expensive in China.
If you lived in China instead of Iceland, you would:
pay 80.8% less for restaurants
|
Iceland
|
China
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$19.40
ISK2,584
|
$2.85
CN¥20.69
|
|
|
Fast food combo meal
McDonalds, or similar
|
$16.94
ISK2,257
|
$5.07
CN¥36.72
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.81
ISK374
|
$0.49
CN¥3.55
|
|
| Bottle of water (11 fl. oz) |
$2.02
ISK269
|
$0.30
CN¥2.18
|
|
pay 47.7% less for groceries
|
Iceland
|
China
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$2.95
ISK394
|
$1.59
CN¥11.54
|
|
| Local cheese (8 oz) |
$7.27
ISK968
|
$5.85
CN¥42.41
|
|
| Milk (1 gallon) |
$6.01
ISK800
|
$6.86
CN¥49.73
|
|
|
Eggs
1 dozen
|
$5.42
ISK722
|
$1.60
CN¥11.57
|
|
| Boneless chicken breast (1 lb) |
$8.51
ISK1,133
|
$1.54
CN¥11.17
|
|
| Apples (1 lb) |
$1.22
ISK163
|
$0.76
CN¥5.53
|
|
| Bananas (1 lb) |
$1.03
ISK137
|
$0.57
CN¥4.15
|
|
| Oranges (1 lb) |
$1.17
ISK156
|
$0.65
CN¥4.74
|
|
| Tomatoes (1 lb) |
$1.87
ISK250
|
$0.52
CN¥3.80
|
|
| Potatoes (1 lb) |
$1.23
ISK164
|
$0.32
CN¥2.33
|
|
| Onions (1 lb) |
$0.78
ISK105
|
$0.40
CN¥2.90
|
|
pay 62.6% less for transportation
|
Iceland
|
China
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$8.36
ISK1,114
|
$4.44
CN¥32.22
|
|
| Monthly public transit pass |
$71.28
ISK9,494
|
$22.47
CN¥162.89
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$40,660.66
ISK5,416,000
|
$19,071.53
CN¥138,254.31
|
|
| Taxi trip in downtown area (5 miles) |
$22.04
ISK2,935
|
$3.97
CN¥28.81
|
|
pay 70.6% less for housing
|
Iceland
|
China
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$72.17
ISK9,614
|
$11.70
CN¥84.78
|
|
| 1-Bedroom apartment in downtown area |
$1,838.04
ISK244,827
|
$328.33
CN¥2,380.15
|
|
| 1-Bedroom apartment outside city center |
$1,497.77
ISK199,503
|
$205.78
CN¥1,491.75
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$58.01
ISK7,728
|
$40.46
CN¥293.29
|
|
pay 2.4 times more for childcare
|
Iceland
|
China
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$258.16
ISK34,388
|
$459.70
CN¥3,332.47
|
|
| Middle school for 1 child, two semesters |
$5,993.99
ISK798,400
|
$18,318.08
CN¥132,792.34
|
|
pay 57.2% less for entertainment and sports
|
Iceland
|
China
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$9.19
ISK1,224
|
$1.09
CN¥7.91
|
|
| Cappuccino in mid-range area |
$4.65
ISK619
|
$3.07
CN¥22.24
|
|
|
Pack of cigarettes
Marlboro or similar
|
$11.76
ISK1,566
|
$3.23
CN¥23.44
|
|
| Monthly membership at local gym |
$61.46
ISK8,186
|
$41.41
CN¥300.18
|
|
| Movie ticket to theater/cinema |
$14.35
ISK1,911
|
$5.93
CN¥42.95
|
|
pay 53.4% less for clothing
|
Iceland
|
China
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$111.23
ISK14,816
|
$48.23
CN¥349.60
|
|
|
Regular dress
from H&M or similar store
|
$59.69
ISK7,951
|
$31.67
CN¥229.59
|
|
|
Running shoes
Nike or Adidas
|
$148.00
ISK19,713
|
$72.53
CN¥525.76
|
|
| Men's business shoes (leather) |
$184.49
ISK24,575
|
$75.53
CN¥547.57
|
|
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